Two private partners of Mexico's state-run oil company Pemex will invest a ...
MEXICO CITY - Two private partners of Mexico’s state-run oil company Pemex will invest a combined $250 million in two projects over the next four years as they aim to quickly ramp up crude output, according to plans approved on Tuesday.
DEA Deutsche Erdoel holds the partnership rights with Pemex on its Ogarrio block and the development plan approved Tuesday by Mexico’s independent oil regulator calls for fresh investment of $161 million through 2023. The plan sees oil production ramping up to more than 9,000 bpd in 2020 from 5,800 bpd currently and envisions the drilling of four wells this year, along with major repairs scheduled on another four wells.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Two US Soldiers Allegedly Tried To Sell Guns And Explosives To Be Sent To MexicoThe two soldiers reportedly served in the army's elite EOD unit which is responsible for disarming explosives and weapons of mass destruction.
Read more »
Mexico's Pemex eyes new oilfields after another year of big lossesMexico's national oil company Pemex narrowed its multibillion-dollar losses...
Read more »
S&P cuts Pemex credit rating as outlook sinks for other Mexican firms, banksRatings agency Standard & Poor's (S&P) on Monday slashed the credit rating ...
Read more »
S&P downgrades debt-laden Mexican state oil firm PemexRatings agency Standard & Poor's on Monday slashed the stand-alone credit p...
Read more »
Mexico central bank pares growth forecasts, cites ratings concernMexico's central bank on Wednesday trimmed its economic growth forecasts fo...
Read more »
Opinion | The intimidation of Jorge Ramos should shake Mexico out of its Venezuela delusionsOpinion: The intimidation of Jorge Ramos should shake Mexico out of its Venezuela delusions
Read more »
Mexico approves plan to create 50,000-strong force to combat cartelsThe national guard will attempt to combat a rising tide of violence, but its mission is uncertain.
Read more »
Promoting 'Dumbo' in Mexico, actor Danny DeVito unhurt after fallActor Danny DeVito gamely carried on with a promotional stop in Mexico for Disne...
Read more »
AP PHOTOS: Teens struggle alone in Mexico after caravanTIJUANA, Mexico (AP) — Milagro de Jesus Henriquez Ayala rubs her slightly protruding belly and giggles at her unborn son's constant kicks. The 15-year-old Salvadoran girl is staying at a...
Read more »